Asbestos is dangerous when it is disturbed and the small particles are breathed into the lungs. Left alone, as I understand it, there is no worry. Asbestos was very common prior to 1980's and with the siding on homes built in the early 1900's. Google asbestos for suggestions on what to do with it. Your local community may have rules as to how to handle it if you are to remove it.
All the best to you.... more
I would use a local rental professional to save time and money and also to make sure you don't miss a great rental.
(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)... more
You can find additional information by clicking the link below, but here's the bottom line as there are many homes in Salem and surrounding communities covered with asbestos shingles...
Asbestos siding was used extensively in buildings and homes from the 1930s until the 1970s, when it's use was banned. Originally, asbestos siding was used because of the fire resistant properties of asbestos. Because asbestos in a mineral and fibrous, adding asbestos to siding materials also increases strength and durability, while providing some insulation and fireproofing to the structure.
Even if asbestos shingles are on your home, if they are in good condition and left undisturbed, they are usually NOT a serious problem. The mere presence of asbestos in a home or a building is not hazardous. The danger is that asbestos materials may become damaged over time and become airborne. Damaged asbestos may release asbestos fibers and become a health hazard.
Best of luck and please give a "thumbs up" to the best answer, thanks!... more
Asbestos will cause a problem at some point when the house needs to be torn down. Until then it should not be a problem really. It will hurt the value, to some degree, because buyers don't understand it and so they fear it and will shy away because they have heard bad "things", sort of like how people incorrectly think a modular house is inferior to a stick built one.... more
The average condo sale in the first 5 months of 2010 was $234,817.
The average condo sale in the last 5 months (8/2012-1/2013) was $239,997.
With that said, it doesn't tell you anything about the value of an individual unit because it is not comparing apples to apples. There may have been more distressed properties sold during one period than another, or maybe more smaller or larger or newer units sold in one particular period. That is why most of the real estate market stats you see thrown around out there are almost useless. You have to compare apples to apples.
In January of 2010 there were 141 condos on the market compared to 87 today. Less inventory plus the greater demand that there is today over 2010 means higher prices. Anything in the downtown area goes under agreement quickly.
I hope that help a little bit. If you want to know what a particular condo unit is worth, contact a Realtor who specializes in condos.
Here is a link to the stats for 2010 and 2012:
There are a couple of North Shore brokers who are regulars on Trulia Voices who will certainly be answering soon. Your best bet is to hook-up with one of them and have them come take a look. Seek out a neighborhood expert to get the best advice on potential current market value for your home.
Keep in mind, if you're buying again in this market, you will probably "make up the difference" of anything you might lose on your sale.
I would be more than happy to assit you. I will take a look at your pics call or e-mail to set a meeting at you convenience
I look forward to speaking with you
RE/MAX Country Crossroads
I think the important thing for a homebuyer, especially a first-timer, is to get the best agent they can, regardless of whether they get a rebate.
Home shopping is different than looking for rentals, where "this'll be fine" is just good enough.
A buyer's agent should know enough about homes to help you find one that fits your lifestyle, help you evaluate the home for livability (not just, here's a bedroom), help you anticipate the quality of the finishes and their place in their life cycle (nice kitchen, but the finishes are pretty cheap for such an expensive house), help you anticipate potential maintenance and repair problems (shake roof vs composition, wood gutters vs vinyl), and the potential for remodeling and improvements (is there a ready place for a stairway if you wanted to build up, for example).
On top of what you would presume are the basics, which is to open the door for you and write up the paperwork.
Oh, and to make sure you're not missing out on a better house than the one you decide on.
I'm sure I could think of more things, but I'll leave that to my colleagues.
All the best,... more
What was the application date, was it a standard "conventional" loan or a government loan, and is it with a lender that guarantees you will close on time? If you do not have the ability to extend your closing date without penalty you must stay with your current lender and "lean on them." However, if time allows, get an extension and reapply with an individual that is more trustworthy.
In some cases, like this one that you already search for a Mortgage it could be a very good idea to call the listing agent / broker of such properties. They must know 2 or 3 places to get a loan.... more
It is not unusual to see realtors or sellers come back and ask for the highest and best offer. Offrer what you are willing to pay. Even if it is what you already offered. You may have already offered more than the other buyer is willing to pay.... more
There are programs that you maybe able to fit into depending on your DTI (debt to income and how much money you have in the bank. If you would like more information and to maybe get preapproved, give me a call.
Jason DiScipio CBR
It's hard to say with out seeing the property what it would sell for in today's market. Two units in the 4 building have tried unsuccessfully to sell recently. 4B is currently on at $239k.
You are fortunate to be in a strong finacial position and need to understand that any loss you take now will be made up in the equity of your next home as the market turns back around. Make your decision on your current lifestyle needs.... more
Do some preliminary research on the internet looking at housing, and make note of your likes, dislikes, wants and needs. It will be important to discuss your financing options with a loan officer and obtain a preapproval. This will give you guidance for the price range which will make sense for you. The loan officer will take into account the type of loan program that you qualify for and are comfortable with.
If you have a referral for a Realtor to represent you, start working with that person. I suspect that might not be the case, since you are posing this question online. Ask friends and family for names of agents who they would recommnend. Upon meeting with a Realtor, discuss uprfront what your expectations are and how they work. Don't be timid about asking a lot of questions. Speak with a few Realtors, find the one that's right for you, and work closely with that person.
If you don't find an agent through friends or family, go to a few open houses, and correspond with a few agents online.
I do recommend that you find one agent who you work with closely.
Best of luck to you!
Deborah Madey - Broker
Peninsula Realty Group, Inc.